T-Mobile US (NASDAQ:TMUS) Given New $250.00 Price Target at Oppenheimer

T-Mobile US (NASDAQ:TMUS) had its price objective hoisted by Oppenheimer from $215.00 to $250.00 in a research report released on Thursday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the Wireless communications provider’s stock.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI lifted their price target on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. TD Cowen boosted their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $240.17.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $226.36 on Thursday. The business has a 50 day moving average of $206.12 and a 200 day moving average of $185.23. T-Mobile US has a 52 week low of $138.42 and a 52 week high of $234.56. The company has a market cap of $264.11 billion, a PE ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. As a group, equities research analysts forecast that T-Mobile US will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.56%. T-Mobile US’s dividend payout ratio is 32.58%.

Insiders Place Their Bets

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of T-Mobile US

A number of hedge funds have recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new stake in T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. increased its holdings in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.